Thunderbird Resorts Inc.: 2009 Annual Report
(Thomson Reuters ONE) -
PANAMA, REPUBLIC OF PANAMA--(Marketwire - April 30, 2010) - Thunderbird Resorts
Inc. ("Thunderbird") (FRANKFURT: 4TR)(EURONEXT: TBIRD) announces that the Group
has released their Annual Report including audited financial statements for
2009 prepared under international financial reporting standards ("IFRS") for the
year ended 31 December 2009 ("The Annual Report"). The Annual Report has been
filed with the Euronext Amsterdam by NYSE Euronext ("Euronext Amsterdam") and
the Netherlands Authority for Financial Markets ("AFM"). As a Designated Foreign
Issuer with respect to Canadian securities regulations, this Annual Report is
intended to comply with the rules and regulations set forth by the AFM and the
Euronext Amsterdam.
Document Availability
Copies of the Annual Report in the English language will be available at no cost
at the Group's operational office in Panama and at the offices of our local
paying agent ING Bank N.V., van Heenvlietlaan 220, 1083 CN Amsterdam, the
Netherlands (telephone: +31 20 7979 398, fax: +31 20 7979 607, email:
iss.pas(at)mail.ing.nl) and they are available on the Group's website at
www.thunderbirdresorts.com. Copies are also available on SEDAR at www.SEDAR.com
Thunderbird is also required to file an Annual Document with links to all
documents disseminated to shareholders during the past year. This Annual
Document is available on our website at www.thunderbirdresorts.com
ABOUT THE COMPANY
We are an international provider of branded casino and hospitality services,
focused on markets in Central America, South America, Southeast Asia, and India.
Our mission is to "create extraordinary experiences for our guests." Additional
information about the Group is available on its World Wide Web site at
www.thunderbirdresorts.com
Cautionary Notice: The Annual Report referred to in this release contains
certain forward-looking statements within the meaning of the securities laws and
regulations of various international, federal, and state jurisdictions. All
statements, other than statements of historical fact, included in the Annual
Report, including without limitation, statements regarding potential revenue and
future plans and objectives of Thunderbird are forward-looking statements that
involve risk and uncertainties. There can be no assurances that such statements
will prove to be accurate and actual results could differ materially from those
anticipated in such statements. Important factors that could cause actual
results to differ materially from Thunderbird's forward-looking statements
include competitive pressures, unfavorable changes in regulatory structures, and
general risks associated with business, all of which are disclosed under the
heading "Risk Factors" and elsewhere in Thunderbird's documents filed from
time-to-time with the NYSE Euronext Amsterdam and other regulatory authorities.
Included in the Annual Report are certain "non-IFRS financial measures", which
are measures of Thunderbird's historical or estimated future performance that
are different from measures calculated and presented in accordance with IFRS,
within the meaning of applicable Euronext Amsterdam rules, that are useful to
investors. These measures include (i) Property EBITDA consists of income from
operations before depreciation and amortization, write-downs, reserves and
recoveries, project development costs, corporate expenses, corporate management
fees, merger and integration costs, income/(losses) on interests in
non-consolidated affiliates and amortization of intangible assets. Property
EBITDA is a supplemental financial measure we use to evaluate our country-level
operations. (ii) Adjusted EBITDA represents net earnings before interest
expense, income taxes, depreciation and amortization, equity in earnings of
affiliates, minority interests, development costs, and gain on refinancing and
discontinued operations. Adjusted EBITDA is a supplemental financial measure we
use to evaluate our overall operations. Property EBITDA and Adjusted EBITDA are
supplemental financial measures used by management, as well as industry
analysts, to evaluate our operations. However, Property and Adjusted EBITDA
should not be construed as an alternative to income from operations (as an
indicator of our operating performance) or to cash flows from operating
activities (as a measure of liquidity) as determined in accordance with
generally accepted accounting principles.
Contacts:
Thunderbird Resorts Inc.
Kevin McDonald
Investor Relations
(858) 668-2503
kevin.mcdonald(at)thunderbirdresorts.com
Thunderbird Resorts Inc.
Michael G. Fox
Chief Financial Officer
info(at)thunderbirdresorts.com
www.thunderbirdresorts.com
[HUG#1410976]
Unternehmensinformation / Kurzprofil:
Datum: 03.05.2010 - 08:26 Uhr
Sprache: Deutsch
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